Integrated Investment Consultants LLC Makes New $327,000 Investment in Robert Half Inc. (NYSE:RHI)

Integrated Investment Consultants LLC bought a new stake in Robert Half Inc. (NYSE:RHI) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,850 shares of the business services provider’s stock, valued at approximately $327,000.

Other hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC increased its position in shares of Robert Half by 35.6% during the third quarter. GAMMA Investing LLC now owns 682 shares of the business services provider’s stock worth $46,000 after purchasing an additional 179 shares in the last quarter. BOKF NA increased its position in Robert Half by 2.1% during the first quarter. BOKF NA now owns 10,383 shares of the business services provider’s stock worth $812,000 after buying an additional 216 shares during the period. Isthmus Partners LLC boosted its holdings in shares of Robert Half by 3.3% in the second quarter. Isthmus Partners LLC now owns 7,079 shares of the business services provider’s stock valued at $453,000 after acquiring an additional 229 shares during the period. Wahed Invest LLC grew its position in shares of Robert Half by 13.7% during the first quarter. Wahed Invest LLC now owns 1,998 shares of the business services provider’s stock worth $158,000 after acquiring an additional 240 shares during the last quarter. Finally, Toronto Dominion Bank increased its holdings in shares of Robert Half by 0.4% in the 1st quarter. Toronto Dominion Bank now owns 60,014 shares of the business services provider’s stock valued at $4,758,000 after acquiring an additional 266 shares during the period. 92.41% of the stock is owned by hedge funds and other institutional investors.

Robert Half Trading Up 1.3 %

Shares of RHI opened at $74.64 on Friday. The firm has a market capitalization of $7.71 billion, a PE ratio of 27.24 and a beta of 1.23. The stock’s 50 day moving average is $68.85 and its two-hundred day moving average is $65.83. Robert Half Inc. has a twelve month low of $57.05 and a twelve month high of $88.39.

Robert Half (NYSE:RHI) last announced its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. Robert Half had a return on equity of 18.78% and a net margin of 4.84%. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the prior year, the company posted $0.90 earnings per share. Robert Half’s quarterly revenue was down 6.3% on a year-over-year basis. On average, sell-side analysts predict that Robert Half Inc. will post 2.45 EPS for the current year.

Robert Half Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 25th will be paid a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 2.84%. The ex-dividend date is Monday, November 25th. Robert Half’s dividend payout ratio (DPR) is 77.37%.

Wall Street Analysts Forecast Growth

RHI has been the topic of several research reports. JPMorgan Chase & Co. lowered their price objective on shares of Robert Half from $70.00 to $69.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Barclays dropped their price target on Robert Half from $70.00 to $60.00 and set an “underweight” rating on the stock in a research report on Friday, July 26th. Finally, Truist Financial decreased their price objective on Robert Half from $72.00 to $62.00 and set a “hold” rating for the company in a research report on Friday, July 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $69.00.

Robert Half Company Profile

Robert Half Inc provides talent solutions and business consulting services in North America, South America, Europe, Asia, and Australia. The company operates through Contract Talent Solutions, Permanent Placement Talent Solutions, and Protiviti segments. The Contract Talent Solutions segment provides contract engagement professionals in the fields of finance and accounting, technology, marketing and creative, legal and administrative, and customer support.